Hobbies for Money: Turning Fun into Productivity

Hobbies for money sound almost like a gimmick, don’t they? The phrase almost connotes a sort of $19.99 TV special that promises a great return on investment in sending your jewelry in to be melted down to gold. And while many hobbies really aren’t all that financially sound as business plans, by having many internet outlets as a resource to use for your marketing platform, you’d be surprised at how much you can accomplish.

Hobbies for money take a different shape in each instance, depending on the hobby. For instance, if you’re into building model trains, you have a head start on your business plan because there are thousands of model train lovers in the world, and that particular hobby already has a lot of momentum. However, it also holds quite a bit of competition, so you have to be careful about selecting hobbies for money as sources of steady income.

Hobbies for Money: Pick Your Avenues

We all make mistakes when choosing which route to take for a business idea. One time, I thought I’d make handmade jewelry. I sought out a local gift shop that was very open to buying my products. The store owner ended up flaking, and I was left with a few pieces I knew nothing to do with. I tried eBaying them, and no avail. What I didn’t know at the time – and know now – is that sites like Pinterest, Facebook fan pages and Twitter could very well have helped me sell my merchandise – and build a steady customer base besides.

Sometimes when you want to start doing hobbies for money, you should ask your friends and even random people you meet in everyday life. I knew I could have had a winning seller because I got so many compliments on my jewelry when I wore it places. If I had a business card to give away at the time with my website on it, I could have directed onlookers to my site and perhaps made some purchases.

Another point I’d like to make in the hobbies for money category is that, you should never overlook a local launch in addition to an internet-wide one. Anymore, so many sales are made by friends and by word of mouth that it’s simply poor business sense to think you will only thrive on internet traffic alone.

Hobbies for Money: Choosing Wisely

In order to make a hobbies for money business plan work, you have to do thorough research on how popular or unpopular your hobby is. For instance, crocheting is hugely popular, but there’s so much competition that you can’t simply target crocheting as a whole. You have to find your niche or pick something else. On the same token, a too-specific niche hobby won’t produce enough traffic to make your efforts worthwhile. A hobby somewhere in the middle is the optimal choice. If your hobby is one of those hugely popular ones, try to think of a niche or sub-niche that will make your hobbies for money plan succeed.

About Sean Donahoe

Sean is one of the most recognized industry leaders in business and marketing. As a popular speaker, author, consultant he has helped over 50,000 students world wide find success in their businesses and has consulted with Fortune 500 companies and businesses of every size grow and thrive...